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Attachments: Buy sell line trading
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Buy sell line trading

  • #2,021
  • Nov 17, 2012 5:21pm Nov 17, 2012 5:21pm
Quoting Viv108
Hi mate - are you drawing these blue and red arrows on yourself? if not what template is that? Entries look spot on there. Its not the commando indi is it? It looks different to mine.
thats just the commando indi... which itself is just a fractal indi... and by their nature fractals are winning entries..
tradewith60
  • #2,022
  • Nov 17, 2012 5:22pm Nov 17, 2012 5:22pm
Quoting kashTrader
Thanks... Which timeframes are the best you find ? 1H ?
there is no best... it depends on your personality, time available to trade, time you want to spend watching etc etc...

All the timesframes will have slightly different behaviours, some may have lower win rates but bigger R/R..

Right now I enjoy H1, but thats not to say its better or worse than Daily or M15
tradewith60
  • #2,023
  • Nov 24, 2012 4:40pm Nov 24, 2012 4:40pm
I will keep this thread going, maybe a few will see how simple it is...

will keep my karma topped up if nothing else (needs it after my last holiday )

just some more H1 examples from some of last weeks charts... the engulfing pattern !!!

1. WAIT FOR PRICE TO MAKE A TRENDING MOVE

2. WAIT FOR A RETRACE

3. ENTER AFTER WE GET AN ENGULFING SIGNAL

....LET THEM RUN........

again... when I post these charts I highlight every valid trade that triggered... you dont need to take every entry... you will learn in time that allowing price to retrace increases your win rate...
Attached Image(s) (click to enlarge)
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tradewith60
  • #2,024
  • Nov 24, 2012 4:54pm Nov 24, 2012 4:54pm
little bit of brent crude...

chopped around a bit, but an easy couple of hundred pips with some decent MM
Attached Image (click to enlarge)
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tradewith60
  • #2,025
  • Nov 24, 2012 4:59pm Nov 24, 2012 4:59pm
Aussie swissy... some nice big wins here too... simple trend trading
Attached Image (click to enlarge)
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tradewith60
  • #2,026
  • Nov 24, 2012 5:06pm Nov 24, 2012 5:06pm
[quote=60minuteman;6228292]I will keep this thread going, maybe a few will see how simple it is...

will keep my karma topped up if nothing else (needs it after my last holiday )

Bravo!
  • #2,027
  • Nov 24, 2012 5:30pm Nov 24, 2012 5:30pm
[quote=California;6228306]
Quoting 60minuteman
I will keep this thread going, maybe a few will see how simple it is...

will keep my karma topped up if nothing else (needs it after my last holiday )

Bravo!

ahhh Mr California, hope you're keeping well mate.
tradewith60
  • #2,028
  • Nov 24, 2012 5:46pm Nov 24, 2012 5:46pm
Very smart system 60minuteman!!!
  • #2,029
  • Nov 24, 2012 5:54pm Nov 24, 2012 5:54pm
Hi ,

Could you please define your criteria for an engulfing bar.
Enter Signature
  • #2,030
  • Nov 24, 2012 6:19pm Nov 24, 2012 6:19pm
Quoting ECO
Hi ,

Could you please define your criteria for an engulfing bar.
open of the previous bar to be exceeded by the close.
Attached Image (click to enlarge)
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tradewith60
  • #2,031
  • Nov 24, 2012 7:41pm Nov 24, 2012 7:41pm
Quoting 60minuteman
open of the previous bar to be exceeded by the close.
so "BE" bearish vs "BU" bullish

Quoting 60minuteman
I will keep this thread going, maybe a few will see how simple it is...
yes. pls do post often thou i prefer h4 due to time constrain at work.

still can't figure out how you use the band shown in your chart to trade?

thanks for your efforts
Trade As A Sniper
  • #2,032
  • Nov 25, 2012 5:21am Nov 25, 2012 5:21am
Quoting 60minuteman
I will keep this thread going, maybe a few will see how simple it is...

will keep my karma topped up if nothing else (needs it after my last holiday )

just some more H1 examples from some of last weeks charts... the engulfing pattern !!!

1. WAIT FOR PRICE TO MAKE A TRENDING MOVE

2. WAIT FOR A RETRACE

3. ENTER AFTER WE GET AN ENGULFING SIGNAL

....LET THEM RUN........

again... when I post these charts I highlight every valid trade that triggered... you dont need to take every entry... you will...
Hi 60,

I actually loos your thread closely and would like to thank you go it. I am currently trying your system on demo and has been good so far. Just a few questions:
1. I thought the engulfing pattern should be followed by an candle that moves in the same direction? You have marked a few patterns where this is not the case but you are looking more t the retrace momentum back? Can you please elaborate?
2. I thought what you showed to be valid patterns were more towards the 15m system rather than the higher TF engulfing patterns.
3. Do you always move your stop loss to break even after there is a move in the direction of the momentum?

Thanks,
K
  • #2,033
  • Nov 25, 2012 9:02am Nov 25, 2012 9:02am
Quoting kashTrader
Hi 60,

I actually loos your thread closely and would like to thank you go it. I am currently trying your system on demo and has been good so far. Just a few questions:
1. I thought the engulfing pattern should be followed by an candle that moves in the same direction? You have marked a few patterns where this is not the case but you are looking more t the retrace momentum back? Can you please elaborate?
2. I thought what you showed to be valid patterns were more towards the 15m system rather than the higher TF engulfing patterns.
3. Do you...
Hi Kash...

ok...

1. im the same as most traders... sometimes I break rules... possibly what has happened in those instances.

2. All of the systems here work on the same principles, I have tweaked each one to work for ME on different TF's... ultimately you should study your charts with the examples I have given and build your own system...

3. I use a few different stop management methods, at the moment I'm favouring stepping the stop behind the low or high of the last closed H1... again, you should find what works for you.... but.... whatever you chose, try and remember that you want something thats going to keep you in the runners for as long as possible.... study your charts, you will see what a difference catching those moves will make...

Im glad you're trying these ideas out... good luck
tradewith60
  • #2,034
  • Nov 26, 2012 5:55am Nov 26, 2012 5:55am
Long EURCAD, H4


Bullish engulfing candle. SL below last closed candle, TP a bit below next major resistance on daily chart.


Any critique is welcome, and thanks for this great thread and method, 60minuteman.
Attached Image
"Be the change that you wish to see in the world." --Gandhi
  • #2,035
  • Nov 26, 2012 8:46am Nov 26, 2012 8:46am
Quoting Wally1953
Long EURCAD, H4


Bullish engulfing candle. SL below last closed candle, TP a bit below next major resistance on daily chart.


Any critique is welcome, and thanks for this great thread and method, 60minuteman.
Hello Wally,

Your entry seem to be correct according to the system rules. I spotted a few entries as well on the 1 hour chart(some failed) and will attach them as soon as I can attach files on the forum, because my account is a brand new one.

Thanks for the great system 60. I will try to read all pages to get a closer look of the best way to filter the signals.
  • #2,036
  • Nov 26, 2012 9:19pm Nov 26, 2012 9:19pm
Hi 60min!
First thanks for your sharing!It looks a very simple and good system!
Can this method apply to Gold or Oil?
Look at this image.is it a good entry?

[IMG]http://ns5.upanh.com/b2.s33.d3/c4593...1127entry1.png[/IMG]
  • #2,037
  • Nov 26, 2012 9:41pm Nov 26, 2012 9:41pm
Quoting kaka_ht
Hi 60min!
First thanks for your sharing!It looks a very simple and good system!
Can this method apply to Gold or Oil?
Look at this image.is it a good entry?

[IMG]http://ns5.upanh.com/b2.s33.d3/c4593...1127entry1.png[/IMG]
cant see your chart there kaka
tradewith60
  • #2,038
  • Nov 26, 2012 11:02pm Nov 26, 2012 11:02pm
Quoting 60minuteman
cant see your chart there kaka
You can see it here:
http://ns5.upanh.com/b2.s33.d3/c4593...1127entry1.png

Your method can apply to Oil or Gold,right?
  • #2,039
  • Nov 27, 2012 4:46am Nov 27, 2012 4:46am
Quoting kaka_ht
You can see it here:
http://ns5.upanh.com/b2.s33.d3/c4593...1127entry1.png

Your method can apply to Oil or Gold,right?
still cant see it... yes I trade gold and oil..., you can do a visual backtest yourself
tradewith60
  • #2,040
  • Nov 27, 2012 5:46am Nov 27, 2012 5:46am
Closed my EURCAD trade out last night at -10.

No new signals at the moment.
"Be the change that you wish to see in the world." --Gandhi
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